The majority owner of the Outlets at Silverthorne announced plans to sell its share of the shopping center to mall co-owner Former TCE LLC, a Boulder-based company that lists local Sam Brown as its registered agent.
TGS North American Real Estate Investment Trust (TGS) entered into a purchase and sale agreement with Former TCE LLC, according to a press release.
“We are pleased to have reached a satisfactory buy/sell agreement with our co-owner at the Outlets at Silverthorne,” said TGS CEO Jeff Kohn in the release.
The purchase amount was not specified, although the negotiated price was directly associated with recent improvements to the Outlets, the release said.
The purchaser provided a $500,000 non-refundable deposit to secure the sale.
The purchase is expected to be completed on or before Dec. 1.
Silverthorne is approximately 12 miles north of Breckenridge.
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